| Lucynda | 02-16-2019 02:33 PM | Re: Setting up Adyen on stealth, experiences? Here is where I am at. I haven't sent in the information yet. They are asking for the beneficiary of the LLC. I have put down the stealth information and the last 4 of the EIN. However, I am the beneficiary of the LLC and the EIN. i found this online today also.
""On May 11, 2018, a new rule went into effect that requires financial institutions to gather additional information from legal entity (business) customers. The Certification Regarding Beneficial Owners of Legal Entity Customers requirement, or "Beneficial Ownership" for short, was created to help government and law enforcement fight money laundering and terrorism by identifying exactly who benefits from a company's revenue and who actually controls the goings-on within the business.
Because of this requirement, certain businesses opening new accounts (checking, savings, loans, etc.), adding some business services or renewing a loan or CD will have to provide identifying information on certain individuals within their organization. The person providing this information will sign a certification that the information they provided is correct to the best of their knowledge.""
So, the question is, will the stealth information work?
I did find this online ""LLC owners are known as “members.” LLC laws don't place many restrictions on who can be an LLC member. LLC members can, therefore, be individuals or business entities such as corporations or other LLCs. It is also possible to form a single-member LLC whose only owner is another LLC."
I guess this means I could form a separate LLC to add as the beneficiary of the first LLC? I went to my .gov website and the LLC application appears to allow either an entity name or an individual name.
As if my accountant didn't already hate me. https://www.snapfish.com/photo-gift/...04070/SNAPFISH |